Sold!
$1,000,000
12
Beds
6/1
Baths
6,420
Living Area
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Property Description
Exceptional mixed-use investment opportunity, bringing in over $120,000 in income with a 9.5% cap rate! This property is on the Pawtucket/Massachusetts border and is a fully renovated 6-unit building includes 5 residential units and 1 commercial unit. There is a restaurant with a long-term lease (tenant contributes to property taxes) on the first floor. The rest of the building consists of 5 residential units totaling 10 bedrooms and 6 bathrooms, including a 3-bed, 2-bath unit. All residential units have been renovated floor to ceiling with new kitchens, granite countertops, stone herringbone backsplashes, stainless appliances, new windows, and updated bathrooms. New fire panel installed. Located within 9 minutes of the commuter rail. P&L available upon request.
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Highlights
- Levels: 5
- Property Type: 5+ Family - 5+ Units Side by Side
- Total Rooms: 24
- Status: Closed
- Property Class: Residential Income
- Stories: 5
- Year Built: 1930
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Additional Details
- Construction: Frame
- Foundation: Concrete Perimeter
- Road Frontage Type: Public
- SqFt Source: Public Record
- Year Built Details: Actual
- Zoning: Res
- Flooring: Tile, Vinyl
- Lot Features: Corner Lot
- Roof: Shingle
- Total Number of Units: 6
- Year Built Source: Public Records
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Amenities
- Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, T-Station
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Utilities
- Electric: Circuit Breakers
- Water Source: Public
- Sewer: Public Sewer
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Fees / Taxes
- Assessed Value: $420,300
- Taxes: $9,079
- Tax Year: 2024
- Total Rent: $10,390
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